The fund seeks capital appreciation by investing in companies outside the United States.
The investment process starts with a list of companies in the benchmark index and narrows the list of investable stocks through the hurdles on growth, earnings, and return on capital.
The stock selection is designed to generate additional return to the index with greater consistency across a range of market environments.
The research team normally focuses on large-size companies and selectively diversifies in mid- and small-size companies as long as these additions either lowers fund’s volatility or companies have near-term catalysts for higher revaluations.